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Accrued Interest Receivable and Other Assets | 6 Months Ended
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Jun. 30, 2020
Accrued Interest Receivable And Other Assets [Abstract] |
Accrued Interest Receivable And Other Assets | NOTE 11 — ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS Accrued interest receivable at June 30, 2020 and December 31, 2019 consists of the following:
| June 30, |  | December 31,
| 2020 |  | 2019
| (In thousands)
Loans, excluding acquired loans | $ | 80,330 |  | $ | 32,728
Investments |  | 2,153 |  |  | 4,053
| $ | 82,483 |  | $ | 36,781
Other assets at June 30, 2020 and December 31, 2019 consist of the following:
| June 30, |  | December 31,
| 2020 |  | 2019
| (In thousands)
Prepaid expenses | $ | 40,082 |  | $ | 52,558
Other repossessed assets |  | 1,360 |  |  | 3,327
Tax credits |  | - |  |  | 277
Investment in Statutory Trust |  | 1,083 |  |  | 1,083
Accounts receivable and other assets |  | 84,845 |  |  | 78,600
| $ | 127,370 |  | $ | 135,845
Prepaid expenses amounting to $40.1 million at June 30, 2020, include prepaid municipal, property and income taxes aggregating to $36.2 million. At December 31, 2019 prepaid expenses amounted to $52.6 million, including prepaid municipal, property and income taxes aggregating to $45.3 million, from which $31.9 million corresponded to the Scotiabank PR & USVI Acquisition. Other repossessed assets totaled $1.4 million and $3.3 million at June 30, 2020 and December 31, 2019, respectively, that consist mainly of repossessed automobiles, which are recorded at their net realizable value.

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